Debating Industrial Policy

The proposal for some sort of national industrial policy to increase
U.S. competitiveness in world markets has become a rallying cry for
Democratic presidential candidates, organized labor and some business
groups. Robert Reich, 37, a professor of business and public policy at
Harvard's Kennedy School of Government, is one of the leading
advocates of such a program, and his book The Next American Frontier
has become a baedeker for industrial policy since its publication in
May. Last week Reich was a guest at the meeting of the TIME Board of
Economists.